Emer Currie
Ceist:397. Deputy Emer Currie asked the Tánaiste and Minister for Finance for an update on the timelines and processes for appointment of the next Governor of the Central Bank of Ireland. [15126/26]
Amharc ar fhreagraTuesday, 24 February 2026
Ceisteanna (397)
Freagraí scríofa
As the Deputy will be aware, the appointment of the current Governor of the Central Bank, Mr Gabriel Makhlouf, was made in accordance with section 19(1) of the Central Bank Act 1942 (as amended). The President appointed Mr Makhlouf as Governor on the recommendation of the then Government. He commenced his seven-year term on 1 September 2019 and this term is due to conclude on 31 August 2026.
In accordance with section 19(4) of the Central Bank Act 1942 (as amended), the President on the advice of the Government may appoint the person holding office as Governor for a further term of 7 years.
Alternatively, Section 19(1) of the Central Bank Act 1942 (as amended) provides for an individual to be appointed as Governor by the President on advice from the Government. A rigorous and comprehensive recruitment process to select a new candidate would be required, as was undertaken when selecting the current Governor.
I will bring forward a Memorandum for decision to Government in due course in respect of this issue.